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Search Results 0 to 12 of about 13 (some duplicates have been removed)
Sep 24, 2010 8:00pm PDT
little slower. >> but you feel better already now that the statisticians have told us the recession actually ended a year ago. >> oh, yeah, cheered everybody up. all those people standing in the unemployment lines were really heartened to hear that news. >> but to your point about this being a house, most le a housing-led recession, does that mean, do you think, that we have or have not sort of permanently inherited the mantle of the rust belt states, that always we're the first down and the last up when there's a recession? >> yeah, i don't think that's necessarily true, that we're always going to be the hardest hit by a recession. i mean, this recession -- you know, across the country in fact was fueled by the implosion of the real estate market. so the fact that we had such a gigantic bubble going on here does mean we were hardest hit. but you know, other recessions have had different causes. and california still has many strong fundamentals. i mean, you know, we're still drawing huge amounts of venture capital here. one out of every two dollars in venture capital invested in rec
Sep 11, 2010 2:00am PDT
with you, tom. tell us what you can about the explosion that shook all of us yesterday. >> it is a remarkable failure because it really shouldn't happen, given all of the protocols in place and all the things that happened to have such a fail-year you wonder. with such a catastrophic failure somebody punched a hole in one of these mains and caused a spark but that doesn't appear to be the case here. something failed in such a catastrophic way that the valves are maybe a mile, two miles apart so now all of this highly compressed gas which is under several hundred pounds of pressure per square inch is venting to the atmosphere. it catches on fire. it becomes a blow torch. it has to work out and while that was happening it was burning up that particular neighborhood. generally speaking, we don't know really what happened. we know there was a significant failure and generally speaking has been my experience in covering all kinds of disasters it's a chain of events rather than a single event but there is plenty going on that raises questions. one of which was, conversations by several p
Sep 18, 2010 7:00am PDT
commission. what you may or may not know is there's a very complicated system used to regulate pipelines. normally the federal government would have jurisdiction. but in this case, they've ceded that authority to the state. i didn't realize until this week that the state of california has nine pipeline inspectors. nine for 100,000 miles of gas mains here in california. >> wow. >> one of the questions was, why -- the public utilities commission in california gave approval for a rate hike to pay for repairs along this pipeline and yet, they decided not to do the repair. and chris johns, the president of pg&e this week said sometimes we think we need to do one repair but then something more important comes up so we move it down the priority list which begs the question. what could have been more important than this? >> i think that's unfair to the utility. i don't wish to be an apologist, however, that is the way rate making works. the utility comes in every so many years and says here are the projects we need to do. i've been through a lot of documents this week. believe me, it's
Search Results 0 to 12 of about 13 (some duplicates have been removed)